Dec 27, 2012 4:00pm EST
? will it be an ugly day? michael guyette from pension partners and michael farr from farr miller in washington and our very own rick santelli. michael, i'll get to you in a minute. the markets moved up and closed marginally in the red on the news the house will reconvene on sunday night. i get the feeling that all of that back and forth between senators reid and mcconnell, had that come out during market hours, the market would have reacted very differently. so far apart. i didn't hear anything in the way of compromise there. >> even before of the house meeting, marks were down 1.2%. that's noise but not really a panic. the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap this
Dec 26, 2012 9:00pm PST
beings. >> very well stated. thank you very much. that's "the ed show" i'm michael eric dyson in for ed schultz. "the rachel maddow show starts now. ezra klein is filling in for rachel tonight. >> thank you, michael. thank you to you at home for sticking around for the next hour. rachel has the night off but we have big news out of washington, where nothing is happening. the house is not in session, and as of this moment has no plans to be in session for the end of the year. nothing is stirring, not even harry reid. yes, i'm still in the christmas spirit. the president meanwhile is in hawaii and won't be returning until tomorrow. now, normally nothing happening would not be big news in washington. nothing happening is kind of the status quo in washington. getting nothing done is to our political system as saying great is to tony the tiger. it's just kind of what we do now. right now, this week, nothing happening is huge news. the reason is that usually when washington doesn't do anything nothing happens. you do nothing, nothing happens. that's how it goes. in fact that's why people call
Dec 27, 2012 9:00am EST
in a minute. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laug hey! [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> rush of
Dec 26, 2012 12:00pm EST
and short a name like michael coeurs. >> i'd stay with macy's. ten times earnings. very, very cheap. i had a stake with it. >> doc? >> stephanie and i talked about -- stephanie link, that is, we talked about getting into t.j. max ahead of thanksgiving. you have a nice pop that carried you to 45, 46. i think you get a chance just like pete said to reload here. maybe you get a chance to reload 40. i'd buy that. they'll feast on everyone else's problems. >>> one battleground stock is making a huge move to the upside. brian has that. >> believe it or not, scott, that is rim. research in motion is up more than 7%. 7.5%. still in the 80 cents for rim. the stock is up. not a lot of news out on rim. as we approach the blackberry 10 debut, there's been some blogs that have leaked out pictures of what may or may not be the blackberry 10 with the keyboard or not. there's a lot of concern about it looking like the iphone. they like the blackberries for the physical keyboard. it's a blog on a blog on a blog reportedly leaked out of china. it's got a hard wired keyboard attached to it. that's still a dr
Dec 27, 2012 12:00pm EST
open an account. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! >>> welcome back. stocks at the low of the daybreaking below 13,000 for the first time december 5th. you see 13,011. where's the leadership? we know there's little demonstrated in d.c. these days. we turn our focus to the stock market and which sectors will stand up and deliver for you in 2013. >> look at the finanicals leading the market lower. about financials, fundamental improvement they have and reserve releases they will continue to see, good expense management in a housing recovery. we talked about housing over and over again and financials over and over again.
Dec 28, 2012 3:00pm EST
of research for jk investment group and michael kujino who is with permanent portfolio fund. gentlemen, good to see you both. thanks for joining us. chris, it worked out perfectly for a stock like b of a which last year in 2011 was the worst performing dow component and this year it was the best performing dow component, so the dogs of the dow theory worked out that time, didn't it? >> right, he sure did, bill, and i think actually this one is going to be another darling for this year when you look out to 2013. it's interesting. the stocks almost doubled here in 2012 yet the analyst community has only 35% of their rankings in the buy category, so this one is a quiet performer. i think a lot of people were expecting regulatory environments to really play havoc with it towards the end of the year, and i think a lot of political capital will be spent on what's at hand right now obviously with the fiscal cliff, and obviously what we do with 2013, i don't think that you're going to see a lot of regulation questioned, asked during 2013. >> okay. >> i think this one is one stock that will benefit.
Dec 26, 2012 1:00pm EST
are negative on the year and have been even before today's report. michael kors is the standout in luxury. remember they went public about a year ago. that's had a great run, up about 60% this year. but that's the standout in retail. can i also point out that some of the big banks are holding up very well today. there's another new high on bank of america. citigroup is at a 52-week high and soj me of the regional bank also on a high as well. >> time for a cough drop. >> sorry. >> bob pisani battling through. we are also on storm watch today. the deadly system that dumped snow and sleet in the country's midsection, releasing tornadoes around the deep south, that's now moving towards the northeast and it is having a major impact on holiday travelers. with hundreds of flights now canceled. weather channel meteorologist david malkoff has the very latest on the storm's path. >> wow, look at that. we are getting 25, 26, 28 mile an hour wind gusts right here on the northern suburbs of indianapolis, indiana, and it is getting worse as the winds start to push and the snow starts to fall down here.
Dec 24, 2012 3:00pm PST
. on the subject of being on the roads, conservative u.s. senator michael crapo charged with drunken driving after a weekend arrest in washington, d.c. suburb over the weekend. idaho republican who has said he does not drink because of his mormon faith had a blood alcohol content of .11%. he issued apology accepting total responsibility for ips dent. in newtown, connecticut, a resident told reporters christmas will never be the same for the families who lost children and loved ones in the december 14 massacre. correspondent molly henneberg reports both sides of gun debate trying to develop a plan to keep the nation's chirp safe. >> the national rifle association may support plan to put armed officers at the nation's school bus lawmakers are less than enthusiastic about the idea, especially the democrats. dianne feinstein who is expected to introduce gun control legislation in january, called the nra idea "distraction." others suggest it might have the opposite effect on lawmakers. >> well, i think he is so extreme a tone deaf he actually helps the cause of us passing sensible gun legislation in th
Dec 28, 2012 9:00am EST
self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ la ] hey! we've shaved a lot of that off. currently down 38 points. and be prepared for some of this as we get closer and closer to this 3:00 meeting between the president and congressional leaders because the headlines will start flying, are already flying to a large degree today. let's get to the cme group, rick santelli on the santelli exchange. rick? >> thanks, carl. coming into year end one of the big topics of course is housing. and rightly so. it's at the epicenter of what caused the crisis. many believe you're not going to see a solid economy in the u.s. until we truly get housing co